[ad_1] Share: The Brazilian Real has performed very impressively against the USD since the beginning of October. Economists at Commerzbank analyze USD/BRL outlook. Real seems well equipped – for now Of course, it is easier to sound hawkish while the real economy seems robust. It gets more difficult once a recession is approaching
[ad_1] © Reuters. People walk in front the Central Bank headquarters building in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado/File photo (Reuters) – Brazil’s central bank said on Friday it would hold auctions starting on Monday to roll over $15.5 billion in traditional currency swaps maturing on Jan. 2. The central bank said in a
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[ad_1] © Reuters. FILE PHOTO: Brazil’s Finance Minister Fernando Haddad looks on during a meeting between Brazil’s President Luiz Inacio Lula da Silva and Argentina’s President Alberto Fernandez at the Alvorada Palace in Brasilia, Brazil, May 2, 2023. REUTERS/Uesl JOHANNESBURG (Reuters) -Brazil has submitted a proposal to Argentina aimed at securing guarantees for Brazilian exports to the neighboring country in an initiative
[ad_1] Brazil’s central bank, Banco Central do Brasil, has cut its benchmark rate, Selic target rate, by 50 basis points. The consensus was for a 25bp cut. The Bank says that 25 was considered but the improvement in inflation dynamics was enough for a 50 point move: the current situation demands serenity and moderation in